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... a gutshot...

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not really
but we do have 3 outs so I think it is a call getting 10:1

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With 3 outs we need 16:1.
We are currently getting 10:1 and we are not completing the action.

I think this fold is pretty standard.

Preflop I call, I didn't even look at the 2 cold callers. I think preflop calling is best and the flop is an easy fold.

True